Technical Analysis for ARB - Accelerate Arbitrage Fund ETF

Grade Last Price % Change Price Change
D 26.060 -0.19% -0.050
ARB closed down 0.19 percent on Wednesday, April 24, 2024, on 61 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Flat

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Outside Day Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -0.19%
Oversold Stochastic Weakness -0.19%

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Accelerate Arbitrage Fund ETF Description

Accelerate Arbitrage Fund (ARB) seeks to achieve long-termcapital appreciation and a superior risk-adjusted return relative tothe S&P Merger Arbitrage Index. ARB seeks to outperform theS&P Merger Arbitrage Index through an arbitrage investmentstrategy by investing primarily in listed equity, debt or derivativesecurities of target companies involved in mergers or corporateactions, while selling short certain listed equity, debt or derivativesecurities of acquirer companies involved in mergers or corporateactions, where applicable. The aggregate notional amount ofderivatives used for non-hedging purposes will not exceed thelimits permitted under applicable securities legislation. ARB hasobtained exemptive relief to permit it to sell securities short up toan aggregate market value of 100% of ARB’s NAV.


Classification

Keywords: Financial Markets Debt S&P Derivative Futures Contract Financial Economics Wagering Hedge Funds Notional Amount Arbitrage

Top 10 Components

Symbol Grade Price % Change Allocation
TCN A 0.07 3.65

Is ARB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.5
52 Week Low 24.8846
Average Volume 2,116
200-Day Moving Average 25.818
50-Day Moving Average 26.176
20-Day Moving Average 26.268
10-Day Moving Average 26.128
Average True Range 0.088
RSI (14) 39.02
ADX 33.69
+DI 25.128
-DI 40.401
Chandelier Exit (Long, 3 ATRs) 26.236
Chandelier Exit (Short, 3 ATRs) 26.324
Upper Bollinger Bands 26.580
Lower Bollinger Band 25.955
Percent B (%b) 0.17
BandWidth 2.376
MACD Line -0.045
MACD Signal Line -0.012
MACD Histogram -0.0333
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.345
Resistance 3 (R3) 26.377 26.313 26.298
Resistance 2 (R2) 26.313 26.241 26.298 26.282
Resistance 1 (R1) 26.187 26.196 26.155 26.155 26.266
Pivot Point 26.123 26.123 26.108 26.108 26.123
Support 1 (S1) 25.997 26.051 25.965 25.965 25.854
Support 2 (S2) 25.933 26.006 25.918 25.838
Support 3 (S3) 25.807 25.933 25.823
Support 4 (S4) 25.775